I just LOVE these latest catwalk designs by Moschino Cheap and Chic. Shown at Milan Fashion Week. How divine (except the pale pink belt with that black skirt!).

Sometimes the races are not all that great.

Ok, so Chapter One: Underwood Stakes Day was a bit of a let down. Firstly, the weather man failed me big time. Nevertheless, I tottered my way through puddles and sought shelter. Luckily my patent, nude Peeptoes are quite hardy. Secondly, the majority of punters were trackside (but in-side) in their best (or not) pair of jeans. And thirdly, the fashion stakes were a bit blah. What a shame.

I must say, however, the Fashions on the Field event itself was a reasonably run operation. The set up was sweet. White garden-party chairs on either side of the judges table. Kind of like a wedding arrangement. Groom's side and bride's side type of thing. The stage was normal. Black. With two black, paisley-painted horses (with wings) as a backdrop. Good intentions for a tight-run, classy event.

Unfortunately, however, despite these good intentions, there was rather a lot of faffing about. Filming of Postcards with Suzie Wilks held things up a little. Susie was all goose-bumped and looking quite uncomfortable (as were the rest of us) as she was attended to by a loyal, "spray and hair-pin ready" hair-stylist. Suzie wore a charcoal trench... Backwards over her black dress. Lauren Phillips was there, as I heard her tell Suzie, "just for an hour", and acted as host to the fashion competition. She was in black and white Ginger and Smart. I didn't catch the other details of her outfit but she did, as always, look lovely and elegantly negotiated her skirt's behaviour in the wind. The two ladies chatted fluff and ignored the grey-haired man who was fitting them with wires and microphones.

Livinia Nixon was gorgeously pregnant in a purple, flowing, full-length. She has been dubbed the Caulfield Style Ambassador. I admire this decision - whoever made it. Livinia was a judge in the competition, along with some other not-so-famous people… one of the judges wore nothing on her head. Another shame.

The front row of the white-garden chairs provided convenient seating for a group of rowdy, beer-guzzling teenage boys. They jeered and "woo-hooed" the girls. A couple of their female friends were yelling slurred remarks to the friends they had forced or dared to enter the competition. There is nothing worse than a drunk, rowdy, spaghetti-arms girl strutting her stuff on the cat-walk… or is there? There was a white pant-suit with a vest rather than a jacket. No bra. Revealing vest. Ew. But there is always one. I remember last year at Caulfield Cup one of the entrants decided it would be appropriate to strut her stuff on the catwalk in the form of a strip-tease. I am not kidding - she actually rubbed her hands up and down her front. No-one knew quite what to do. Some of the crowed giggled nervously. Some just looked stunned. She was pouting. She was shimmying. She was just horrendous!

Anyway, the purpose of the Underwood Stakes Day competition was to run a "heat", which would see one winner proceed to the Fashions on the Field Grand Final on Caulfield Cup Day. With barely 30 entrants, each girl celebrated approximately 2 seconds each on the catwalk. For some, for reasons set out above, this was far too much time. Despite the seemingly low attendance (given the weather and magnetic field that draws people inside on days like this) a crowd of on-lookers gathered round the stage area. You would have seen this type of gathering along Southbank when a really good busker is doing something... really good. The white garden-party chairs were full. Cameras were at the back of the crowd. As was Susie Wilks. Her trench now worn the right way round.

The music was also a bit peculiar. Better suited to a night club. I think the DJ had his set lists confused. The party-people at Seven or Room may have been rather "So Frenchy, So Chic" that night. It is truly difficult to merge a classy, feminine attitude with a hard-core tune. It is kind of like watching a classical ballerina float around gracefully to a John Course track. It's just not right. I guess it is worth noting, however, that the DJ had it right for those who decide to ditch the classy-feminine attitude for a vampy, on-stage strip-tease.

The winner of the "heat" was a very pale pink and cream combination. Not my cup of tea to be honest. I have always had a phobia of that sickly, pale, vintage, grandma pink that I often see mixed with black… makes me feel a bit queasy thinking about it. Anyway, the winner wore gloves this colour and a felt, half-cloche hat with beads and feathers on the side. The concept of the hat was agreeable. But I would prefer to see it in a non-sickly pink combination - say black and white? Anyway, so there it is. Another winner of FOTF who I wouldn't necessarily have chosen, but was obvious to me as a top three. You eventually learn what will make the top 3-5. After that, it is quite political/random/bizarre/pot-luck. Pale pink walked away with about $2,000 of prizes and a beautiful bunch of blood-red roses (which clashed perfectly with the sickly pink gloves). That outfit will be re-worn on Caulfield Cup Day. Look out for it.

Let's hope Chapter Two: Caulfield Guineas Day brings me more cheer!

A Friday Ramble…

Here's an investment analysis for you**:

Say, for example, you spend thousands of dollars on a new, shiny, massive computer. You get:

• the ability to order over the telephone, after spending time conveniently reading reviews and browsing through your options online;
• convenient delivery to your doorstep;
• great speed, storage and it looks really cool… and, arguably, a little bit monstrous on your desk at home (apparently bigger is better with these things);
• a lovely big, clear screen to view photos, episodes of television programs, and a really really big, clear image of Jeremy Clarkson's face;
• a significant thrill when you receive the goods;
• a massive box to get rid of along with the oodles of packaging;
• ongoing excitement each time (at least for about 6-12 months) you look at the thing;
• the ability to rave to a select group of fellow computer/technology-loving friends and family members;
• compliments and envy from your friends (but you will have to invite them over for "new computer viewings", which might be perceived as being a bit strange;
• confidence in the thing itself - it will not fail you (in the short term);
  a decline, over time, in currency of the technology in the thing (I believe you need to replace such a thing every 5 years or so);
• little re-sale value because by the time you want to upgrade, everyone else has likely moved on and the price you paid for your computer 5 years ago is what you can pay for the much better model; and
• maintenance costs for failure in technology may come into play, but probably not until the later years of ownership.

In summary, whilst this purchase will bring you short-term rewards, the future of your computer is dim. It will likely end up on a large "old, useless, replaced computer" heap at a local transfer station… or in some dusty old shop with a lame and embarrassing price tag. This is a short-term investment in a product that will date.

Now, please tell me what the difference is if I decide to buy a really gorgeous handbag? A Chloe, Balenciaga, or Gucci? Chanel perhaps? Let's work with a Chanel… just for arguments sake.

So, you happen to spend those same thousand dollars on a lovely, gorgeous new classic Chanel. You get:

• the ability to order via the Internet, but the shopping experience is not a hassle so it doesn't really bother you if you have to go into Chanel;
• the ability to peruse your divine options in several mediums. The reviews will likely be pleasing and interesting to read. They will likely be shorter and certainly more colourful;
• storage of choice, along with added sophistication, style and the absolute pleasure of sporting such a wonderful accessory… in public. You don’t need to invite your friends over to your house for them to share with you their envy and/or adoration;
• long-lasting luxury with good on-sale value as such a purchase will stand the test of fashion-time becoming a vintage staple to any woman's wardrobe;
• timeless sophistication;
• the best quality of textiles. Wonderful textures;
• multiple use with very little maintenance over time, although you will need to look after it (but as if you wouldn't!);
• confidence in your product and confidence in yourself… because you just look rather divine with that Chanel over your shoulder (or, in the snug of your inner elbow on display from the front);
• practicality. Essential, daily items travel with you at all times during the day. You will always be able to find what you need, when you need it;
• the ability to trade your Chanel for something new should you, God forbid, get tired of your choice. Re-sale value on eBay, for example, is strong;
  an investment with ongoing value. And should you have been fortunate enough to acquire a limited edition, the value will likely increase; and
• no concern about the classic handbag being outdated as these beauties do not lose their appeal. For example, Madame Virtue in Melbourne has a lovely range of vintage Chanel accessories and they have held their value tremendously. You will not find a Chanel handbag in a dusty old shop with an embarrassing price tag. But if you do you should contain your excitement, purchase the thing and briskly leave the shop knowing you have just secured yourself the bargain of a lifetime. If you come to be a Chanel owner in this way, the benefits described in this list will bring a return on investment of at least 10-fold.

On balance, it seems, the Chanel wins. The computer will die on you, let you down and need replacing with no real increase in worth over the years. The Chanel will continue to please you, with good on-sale prospects at a held-in-time price (at least)… that is, of course, should you even wish to replace or sell it!

**This theory likely applies just as relevantly to purchases of most technological items compared to most designer items.

The Races are coming!

Gloves? Check. Appropriate dress? Check. Shoes and bag? Check. Headwear? Check!! Good-time attitude and lipstick smile? Check check! Yes, the sun is out and the races are beckoning - three cheers for spring and three cheers for the races (and a couple of cheers to the jockeys for agreeing on the whip rules)!

There is no doubt that the Melbourne Spring Racing Carnival is just around the corner. In fact, I will be attending Underwood Stakes Day at Caulfield this weekend so the races are, it seems, well and truly upon us!

To me, the Spring Carnival is largely about the fashion. Don’t get me wrong - I also love the horses, the excitement and those unique trackside sounds. The cheering, the clinking of champagne glasses, laughter... But, oh the fashion. Where else can one dress in a complete outfit with gloves, and headwear? If you can tell me, I would like to know.

As I mentioned, this weekend brings Chapter One: Underwood Stakes Day at Caulfield. I am a little excited for a number of reasons and at this stage, the weather forecast is pleasing to say the least - a "sunny 24" - so a light, flowing fabric perhaps? Cute lace gloves and antique veiling also come to mind… Although, I have to admit, as much as it hurts to do so, I am not really short of options (although am always on the lookout for something new) so will have to see what Saturday brings! One can't plan her outfit too far in advance!

Another reason for loving the Spring Racing Carnival is that it has become tradition that it is a time for my mum and I to put our (sometimes flippant) heads together and create! Millinery is one of the stunning features that the racing season brings to life and 10 (or more) years of being surrounded by feathers, flowers and straw, as well as designing and styling racewear outfits, has taken its toll... for the better!

With encouragement from a truly inspiring milliner/mentor/mother, I recently completed a course with highly respected Melbourne-based milliner, Louise MacDonald. So, with skills refined and a head buzzing with ideas, I am busy putting into form, my 2009 millinery collection. My collection this year is a culmination of in-season colours, pleasing lines and classic elegance. (To view a snapshot of my 2009 collection visit http://millinerybyalexandra.blogspot.com/).

So, it's off to the track on Saturday for what is sure to be a great day out and the beginning of a a very event-filled racing season!